House prices in Czech Republic compared to the rest of the continent

Your Guide to House Price Statistics

Adjusting for inflation

Most agents overstate the upward movement in house prices. That's because their house price figures are nominal, i.e., not adjusted for inflation. If house prices have risen by 5% during the past year, but inflation has been 5%, the real increase in the value of the house has been zero.

That's why our second graph shows house price changes both nominal and real.

Nominal house price changes = the figures published by most official statistical sources.

Real house price changes = house price changes after adjusting for inflation.

House price statistics elsewhere

We generally use Central Bank or National Statistical Institute data. But occasionally, we use data generated by realtors.

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